Hochschild Mining (LON:HOC) Shares Down 22.9% – What’s Next?

Shares of Hochschild Mining plc (LON:HOC) were down 22.9% during trading on Tuesday . The company traded as low as GBX 231 ($3.13) and last traded at GBX 232.20 ($3.15). Approximately 6,863,396 shares changed hands during mid-day trading, an increase of 122% from the average daily volume of 3,098,211 shares. The stock had previously closed at GBX 301.20 ($4.08).

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HOC shares. Canaccord Genuity Group upped their price target on shares of Hochschild Mining from GBX 285 ($3.86) to GBX 370 ($5.01) and gave the stock a “buy” rating in a research report on Thursday, April 17th. Berenberg Bank reduced their price objective on Hochschild Mining from GBX 210 ($2.85) to GBX 200 ($2.71) and set a “hold” rating on the stock in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada raised Hochschild Mining to an “outperform” rating and set a GBX 270 ($3.66) target price for the company in a research report on Thursday, March 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Hochschild Mining has a consensus rating of “Moderate Buy” and a consensus price target of GBX 290 ($3.93).

Hochschild Mining Stock Performance

The company has a market capitalization of £1.51 billion, a price-to-earnings ratio of 49.53, a price-to-earnings-growth ratio of 0.41 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 1.87 and a debt-to-equity ratio of 61.86. The stock has a 50-day simple moving average of GBX 282.03 and a 200-day simple moving average of GBX 236.93.

Hochschild Mining Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Thursday, May 8th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, May 8th. This represents a yield of 0.6%. Hochschild Mining’s dividend payout ratio (DPR) is 85.32%.

Insiders Place Their Bets

In other Hochschild Mining news, insider Eduardo Landin acquired 77,000 shares of the firm’s stock in a transaction on Thursday, April 24th. The stock was purchased at an average price of GBX 272 ($3.69) per share, with a total value of £209,440 ($283,832.50). 38.71% of the stock is owned by company insiders.

About Hochschild Mining

We are a leading underground precious metals producer focusing on high grade silver and gold deposits, with over 50 years’ operating experience in the Americas.

We currently operate three underground mines, two located in southern Peru and one in southern Argentina. All of our underground operations are epithermal vein mines and the principal mining method used is cut and fill.